Q2 revenue rises 24%, profit 26%; Bengaluru plant approved
LUMAXIND · price
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Q2 consolidated revenue was Rs 100.86 crore, up 24% year on year, and profit was Rs 35.64 crore, up 26%. H1 revenue rose 22% to Rs 193.11 crore, while profit rose 15% to Rs 71.83 crore. The auditor review was unmodified. The board approved a Rs 1.61 crore power investment and a Rs 140 crore Bengaluru plant for new orders, targeting Rs 450 crore annual turnover.
Strong quarterly growth and order-backed expansion may support the stock, but the Rs 140 crore plant raises execution and cash needs.